Vidhi Shanghvi, the daughter of billionaire Dilip Shanghvi, is set to inherit a healthcare empire valued at ₹4.35 lakh crore. As the heir alongside her brother Aalok Shanghvi, Vidhi holds the position of Vice President at Sun Pharmaceutical Industries, where she significantly contributes to the family’s business interests. She oversees Consumer Healthcare, Nutrition, and India… Continue reading Vidhi Shanghvi is the successor to a pharmaceutical empire valued at ₹4 lakh crore, which has ties to Ambani family.
Category: Business
ITC’s hotel business demerger is set to take effect on January 1, 2025
ITC Hotels Demerger Set to Take Effect on January 1, 2025, Establishing a New Wholly-Owned Subsidiary, ITC Hotels Ltd. The demerger has received approval from both shareholders and regulatory bodies. New Delhi, Dec 17 (PTI) ITC announced on Tuesday that all prerequisites for the demerger of its hotel division have been “fulfilled,” with the scheme… Continue reading ITC’s hotel business demerger is set to take effect on January 1, 2025
Vishal Mega Mart: Check IPO Allotment Status Online
The initial public offering (IPO) of Vishal Mega Mart experienced a subscription rate of 27.28 times by the conclusion of the bidding period on Friday, December 13. Following the completion of the bidding process, investors are now focused on the allocation of shares. The public subscription for the issue commenced on Wednesday, December 11, and… Continue reading Vishal Mega Mart: Check IPO Allotment Status Online
MobiKwik IPO Allotment Status: Check Online on NSE, BSE and Link Intime
The IPO of Mobikwik, a leading financial technology company specializing in digital wallets and online payment services, was open for subscription from December 11, 2024, to December 13, 2024. The allotment of shares is likely to happen today, Monday, December 16, 2024. MobiKwik IPO Details The Mobikwik IPO is a book-built issue valued at ₹572.00… Continue reading MobiKwik IPO Allotment Status: Check Online on NSE, BSE and Link Intime
Bitcoin recorded all-time high above $106,000 on Monday over strategic reserve hopes
Bitcoin and cryptocurrencies have gained significant attention as investors speculate that the forthcoming Trump administration will create a more favorable regulatory landscape, thereby enhancing optimism regarding these alternative currencies. Bitcoin reached an unprecedented peak exceeding $106,000 on Monday, following remarks from President-elect Donald Trump indicating his intention to establish a U.S. bitcoin strategic reserve akin… Continue reading Bitcoin recorded all-time high above $106,000 on Monday over strategic reserve hopes
Financial Markets Anticipate a Reduction in US Fed Interest Rates on December 18
The U.S. Federal Reserve is scheduled to announce its forthcoming policy decision on December 18, with a widely expected interest rate reduction of 0.25%. Nevertheless, the outlook for Fed policy following this week remains ambiguous. While additional rate cuts are anticipated, any alterations in the magnitude and speed of the expected future rate reductions could… Continue reading Financial Markets Anticipate a Reduction in US Fed Interest Rates on December 18
Tesla Shares Reach All-Time High, Supported by Trump’s Influence.
Tesla’s stock experienced a nearly 6% increase on Wednesday, propelling the electric vehicle manufacturer’s share price beyond its previous high established in 2021. Having doubled in value last year, the stock has surged approximately 71% in 2024, with the majority of these gains occurring following Donald Trump’s election victory last month. Analysts at Roth MKM… Continue reading Tesla Shares Reach All-Time High, Supported by Trump’s Influence.
IT Sector Recruitment Trends for 2025: The Industry is Expected to Increase Hiring by 15-20%
IT Industry Hiring Trends: The year 2024 has proven to be a transformative period for the Indian IT sector, influenced by both local and international economic changes, advancements in technology, and alterations in the workforce landscape. The industry has regained its momentum in the second half of 2024 and is preparing for a promising outlook… Continue reading IT Sector Recruitment Trends for 2025: The Industry is Expected to Increase Hiring by 15-20%
Cognizant plans to increase its workforce to 2,000 for new TechFin center at GIFT City
Cognizant, a prominent global technology and consulting firm, is significantly enhancing its operations in India through extensive recruitment and the establishment of new facilities. The organization is set to create thousands of employment opportunities in the fields of technology, engineering, and business services, highlighting its commitment to growth and innovation. In Hyderabad, Cognizant is inaugurating… Continue reading Cognizant plans to increase its workforce to 2,000 for new TechFin center at GIFT City